SEC Filing Summary: Retractable Technologies Inc. (8-K)
Business Context and Reporting Period
This Current Report on Form 8-K was filed by Retractable Technologies, Inc. on November 24, 2021, covering events occurring on November 19, 2021. The Company is incorporated in Texas and its common stock trades on the NYSE American under the symbol RVP.
Key Financial Metrics
The filing does not provide comprehensive financial statements, revenue, profit, cash flow, margins, debt, or liquidity metrics. The only specific financial figure disclosed relates to a contract modification.
Material Changes
On November 19, 2021, the Company entered into a material definitive agreement modifying contract 75A50121P00021 with the U.S. Department of Health and Human Services, Office of the Assistant Secretary for Preparedness and Response. The original contract was awarded on February 12, 2021.
- Modification Details: The agreement establishes an additional $6,000,000.00 in funding.
- Purpose: Funds are designated to cover air freight costs for the Company's performance under the contract.
- Duration: The funding covers the period through January 14, 2022.
Guidance, Outlook, and Risks
The filing contains no forward-looking guidance, management commentary on future outlook, or discussion of risks and contingencies beyond the specific contract modification. No unusual items were reported.
Key Facts for Investor Verification
- Verify the total value of the original contract (75A50121P00021) awarded in February 2021 to assess the significance of the $6 million modification.
- Confirm the Company's ability to fulfill the air freight requirements by the January 14, 2022 deadline.
- Review subsequent filings to determine the impact of this funding on the Company's revenue recognition and cash flow for the fiscal periods ending in late 2021 and early 2022.